XRP holders, known as the XRP Army, are eager to hear about the latest developments in the ongoing legal battle between Ripple and the SEC.
This high-stakes lawsuit could have far-reaching implications for the future of XRP, including its price, regulatory status, and overall market perception.
Here’s a breakdown of the essential points to keep you informed.
Ripple vs. SEC Lawsuit: Key updates and speculations for XRP holders
At the time of writing, XRP’s performance remains flat. After a brief 2% rise, the overall crypto market dipped slightly by 0.1%. While this market shift reflects broader trends, XRP holders are mainly focused on the ongoing Ripple vs. SEC legal battle.
The SEC has taken a major step by appealing the entire court ruling from the Ripple case. Instead of challenging specific parts, like penalties or certain rulings, the SEC is contesting the whole decision.
The original ruling was mixed: XRP token sales to retail investors on platforms like Coinbase and Crypto.com were not considered securities sales, but sales to institutional investors did break securities laws. Even though the SEC could have only appealed the institutional sales portion, it decided to contest the entire case.
Ripple, in response, is also filing a counter-appeal. With over $200 million invested in this legal fight, Ripple is well-funded and determined to defend its stance.
Both sides will submit pre-argument statements outlining their positions, with initial briefs expected in three months. However, a final decision may not come until 2026, creating more uncertainty for the XRP community.
I don't care if the SEC appeals or not.
Donald Trump will fire Gary Gensler on day one! ✊️ #XRP
Hit the like button if you want Gary Gensler out of office! pic.twitter.com/vK22TkEJlb
— JackTheRippler ©️ (@RippleXrpie) October 17, 2024
An interesting twist comes from U.S. politics. Polymarket.com shows Donald Trump leading in the projected outcomes for the next presidential election. This is important because Trump has said he would fire Gary Gensler, the current SEC chair, on his first day in office if elected.
A leadership change like this could impact the Ripple-SEC case, possibly easing some of the legal pressure on Ripple. While speculative, this scenario brings interesting possibilities for XRP holders.
The Ripple vs. SEC case is far from over, and uncertainty continues to cloud the XRP community. However, these developments raise questions about how politics might shape the case’s outcome. As the situation unfolds, XRP holders should stay informed and engaged.
What do you think about these developments? Could political changes alter the Ripple vs. SEC lawsuit? Keep these factors in mind as things progress, and stay updated for more news.
A new crypto to watch – Crypto All-Stars (STARS)
Crypto All-Stars is gaining strong momentum even before its official launch, largely due to its innovative MemeVault feature. The project has already raised $2.4 million during its presale, allowing early investors to buy $STARS tokens at a discounted price.
The token price is increasing slightly at each stage and currently stands at $0.0015067, with another rise expected in less than two days.
Investors can purchase Crypto All-Stars using ETH, BNB, USDT, or even credit and debit cards. For those looking to purchase the $STARS token, check out our guide on how to buy Crypto All-Stars.
So, what makes MemeVault so exciting? It offers a unique platform where users can stake not only $STARS tokens but also 11 popular meme coins, including Dogecoin, Pepe, Floki, and more. MemeVault acts as a central hub for meme coin traders.
Built on the ERC-1155 standard, it offers cross-chain compatibility, supporting coins from non-Ethereum chains, a rare feature that adds significant flexibility and has generated excitement around the project. The rewards system is another key attraction.
By holding $STARS tokens, users can increase their rewards by up to 3x, creating a strong incentive for long-term investment in $STARS tokens. While the MemeVault feature is yet to launch, $STARS staking is already live, offering a 614% APY.
Both $STARS staking and MemeVault each have a 25% allocation of the total token supply, suggesting that MemeVault’s staking rewards could surpass those currently available.
Adding credibility to the project, audits from Coinsult and SolidProof have confirmed that Crypto All-Stars’ code is secure, giving investors confidence in its stability.
With the project currently on an upward trajectory, if it can maintain its momentum, $STARS may experience a rally once it hits the open market. To gain insights into the future potential of this project, check out our comprehensive analysis on Crypto All-Stars (STARS) price prediction for 2024–2030.
To take part in the $STARS token presale, visit cryptoallstars.io.